My opinion on $SKYAI
Looking at the chart and recent price action, this doesn't look healthy to me. After a massive parabolic run, the token has given back a large portion of its gains and remains far below its May highs. Several market trackers still describe the trend as a downtrend following the earlier rally.
Personally, I see signs of distribution rather than accumulation. Every bounce seems to attract sellers, and confidence appears weaker than it was during the hype phase.
Could I be wrong? Absolutely. Crypto can reverse quickly.
But based on what I'm seeing, I remain bearish on $SKYAI until the market proves otherwise.
This is my personal opinion, not financial advice. DYOR.